Early August 1997.

The Thai government abandoned the exchange rate of the baht, causing the baht to fall by more than 20%, and the government faced public shock.

A series of turbulent demonstrations broke out in Bangkok, the capital of Thailand, and in important cities such as Chiang Mai and Chiang Rai.

In total, more than 100,000 people participated in the demonstrations, and more than 1,000 people were killed or injured.

There was a change of power in Thailand, and the prime minister was the first to resign.

The economic impact is always more than just the economy. The anger after the loss of national wealth will be covered up by the sound of bullets and the blood on the ground.

Mid-August 1997.

Under the influence of the fluctuation of the Thai baht, the Philippine peso, Indonesian rupiah, and Malaysian ringgit have successively become the targets of international speculators.

On August 13, the Malaysian government announced that it would give up its efforts to defend the "ringgit" and change the "ringgit" to a "floating exchange rate system", leaving the national currency exchange rate completely to the free market for decision-making.

This is "surrender".

That day! Bank Negara Malaysia declared bankruptcy, many large companies entered into restructuring, tens of thousands of employees went home on vacation, and the Malaysian financial market collapsed!

Western capital made away with more than US$30 billion of Malaysia's foreign exchange reserves, wiping away years of hard work of the Malaysian people and the country's economic development.

Wei Hang earned US$800 million in Malaysia.

Subsequently, the Philippine peso fell sharply, the Indonesian rupiah fell sharply, and the Singapore dollar fell sharply...

Korean won, Japanese yen, Hong Kong Island,

Asian financial markets are in turmoil.

After Western capital took the lead in sweeping through a number of small countries in Southeast Asia, it finally began to attack the fat and fat "established Asian powers" and the "Four Asian Tigers".

Among the Four Asian Tigers, "Singapore" was the first to be eliminated, and Japan and Japan entered the poker table in the name of "old-established countries" to fill the position of the Four Asian Tigers.

The Four Asian Tigers, which have always been known for their "economic boom", are like plates of prepared main dishes...

Just served!

Western capital is like a fat pig that has just finished its first meal, its mouth is full of saliva, its napkin is stuffed to its chest, its face is greedy, and it is staring at the main courses one after another with a knife and fork in hand...

At the same time, South Korea established a "Bank Policy Group", Japan established a "Foreign Exchange Crisis Section", Taiwan Island established an "Economic Control Department", and Hong Kong Island established a "Crisis Steering Group".

The entire Asian financial market has been stirred up by Western capital and international hot money, and is in turmoil, as if dark clouds are over the city, and a storm is coming!

With its strong national system, sound financial barriers, and military strength, the motherland is independent from the market and is as stable as Mount Tai!

In September 1997, the Taiwan authorities took the lead in abandoning the exchange rate of the Taiwan dollar, and one of the Four Asian Tigers took the lead in pounces.

Since then, Taiwan's economy has shown no signs of improvement, with only a few companies supporting international trade.

More than ten years later, Taiwan, which was economically developed at that time, was reduced to an urban-rural fringe. This is the end of relying on the great powers for its economy and military and not being independent! It can only be reduced to a leek for the great powers to let you fly? That just makes you "fat"

.

On October 17, 1997, the exchange rate of the Korean won against the U.S. dollar fell to a record high of 1,008. There were many collaborators and arrogants in the Korean government. The "bank policy team" failed to respond effectively, and its policy team leader also made a number of

Make a fool of yourself and capture the next batch of "true" patriotic talents.

On October 21, 1997, the South Korean government asked the "International Monetary Fund" for help, obtaining help from the "International Monetary Fund" by pledging state-owned assets, industries, interest rates, currency rights, etc., relying on the hundreds of billions provided by the "Monetary Fund"

The US dollar and foreign exchange have temporarily controlled the expansion of the crisis.

On December 13, the exchange rate of the Korean won against the U.S. dollar dropped to the point where the National Bank of Korea went bankrupt. Economic development came to a standstill, and the government had to sell its "economic autonomy" to cede territory to Western capital countries for compensation.

At this point, South Korea not only has its "military command power" controlled by the West, but has also lost its "economic autonomy."

Selling sovereignty in exchange for South Korea's future needs and prosperity. This is also the reason why South Korea's economy looks good in the future.

In the same month, the Japanese foreign exchange market fell severely, and a series of banks and securities companies went bankrupt one after another. The Southeast Asian financial turmoil evolved into the Asian financial crisis. The economies of Malaysia, Indonesia, Singapore and other countries continued to decline, and the crisis spread until 1998.

Among the "Four Little Dragons" of Yalong, only Hong Kong Island has survived the financial crisis while maintaining its sovereignty, allowing Hong Kong Island's economy to continue to grow... without accepting the terms and aid of the International Monetary Organization, and without selling any interests.

This has made the "Four Asian Tigers" a historical term, and the era of false prosperity has come to an end. Only the motherland's trade window, international financial free port, and Asia's international financial center stand in the east.

Wei Hang, Luo Minsheng and Fang Zhanbo.

They repeatedly took action during the crisis and made huge profits in markets such as Malaysia, Indonesia, Taiwan, and South Korea, with profits of tens of billions of dollars!

A beautiful offensive and defensive battle!

Sima Xiang, Huang Shitong and other members of the Landlords Association guided public opinion in Hong Kong, raised funds, and firmly defended the Hong Kong city against the attack of hot money.

Turn crisis into opportunity!

The Hong Kong market is about to launch a counterattack against the US market...

At this time, the 1997 Asian financial crisis has not yet ended, Western capital has just sounded the clarion call to attack Hong Kong Island, and Hong Kong’s brilliant counterattack has not yet begun.

On August 3, the Hong Kong Island Crisis Steering Group released the "Financial Market Guidance Report". The report stated that the Hong Kong Island market has sufficient foreign exchange reserves and advocated that citizens/capital have absolute confidence in the Hong Kong Island market.

At the same time, the report states that the Hong Kong Island government will adhere to the principles of free marketism and ensure the purity of the international financial port, hoping to boost capital from all parties to maintain confidence in Hong Kong Island.

On that day, international speculators frantically threw 10 billion Hong Kong dollars in selling funds, announcing the formal sell-off!

"Damn it! Poof!" Zhuang Shikai, who was wearing a uniform from the Police Department and the General Administration, punched the desk and shouted angrily: "The enemy is at the Hong Kong Monetary Authority!"

The pen on the desk jumped up and his eyebrows were raised, showing the anger in his heart.

Sima Xiang, wearing a suit, stood in the big boss's office and shouted: "Director, the steering group is not guiding the Hong Kong city, it is guiding Western capital."

"Insisting on market liberalism, does it mean to tell Hong Kong capital clearly that the Hong Kong government is not bailing out the market? We must let Western capital have a good time?"

The direction of the government may not completely represent the direction of the market, but it will definitely have a huge impact on the direction of the market.

Hong Kong Island Capital used to continuously release good news to the market. For example, Hong Kong Island Capital had a large number of Hong Kong dollar orders, the government had a large amount of foreign exchange reserves, and the country would conduct bailouts, etc., which once stabilized the cornerstone of the Hong Kong Island market.

As long as the government first releases a wave of favorable policies and then rescues the market step by step, the Hong Kong Island market will be as solid as a rock!

But now the government is holding high the banner of "free market" and sending a wave of bad news to the Hong Kong stock market, which immediately caused information confusion and mental breakdown in the Hong Kong stock market...

Should the government rescue the market or not?

"The Financial Secretary has a problem." Zhuang Shikai calmed down, picked up the desk pen, and gently held the cap of the pen and preached.

"Is it a problem with the Monetary Authority, the Ministry of Development, or the Ministry of Economic Affairs?" Sima Xiang said.

Zhuang Shikai replied calmly: "I will send someone to investigate. But regardless of whether there is evidence or not, I must let the Hong Kong Monetary Authority put things right and give confidence to Hong Kong stocks."

"We have made so many preparations, and we must not allow the enemy to be defeated from within! Do you understand?"

"Yes! Big Boss." Sima Xiang said with firm eyes.

At the close of the day, the Hang Seng Index hit 500 points and fell back to just under the 10,000 mark. Hong Kong was in a state of panic and panic was growing. Bad news was flying all over the securities market. Speculators were hyping that the RM currency would depreciate by 10% and that mainland banks were unstable.

, to create psychological conditions for it to attack the Hong Kong dollar.

Overseas funds even opened options on the decoupling of Hong Kong's linked exchange rate on August 12, 1998. Speculators took the opportunity to spread rumors, threatening that "the Hong Kong dollar is about to decouple from the US dollar and depreciate by 40%" and "the Hang Seng Index will fall to 4,000 points" and so on. Trying to

Disturbing people's hearts, creating chaos, and taking advantage of troubled waters.

…

"Sir Zeng, do you have time to chat?" That day, in the evening.

"Da da da." Zeng Jinsong, the "president" of the Hong Kong Monetary Authority, had just stepped down the steps of the office building door, put his suit together, bent over, and was about to get into the car.

Suddenly, the car door was firmly grasped by a hand.

"President! President!" Two deputies in the car, holding laptops, turned around and shouted.

I saw Zhuang Shikai wearing a majestic white uniform, his eyes sternly sweeping across the car: "Take some time?"

Zeng Jinsong raised his head and his face changed slightly: "Brother One."

"You dare to take another step back! I'll invite you to the headquarters for coffee!" Zhuang Shikai stared at Zeng Jinsong sharply, his tone unquestionable.

A dozen security police officers in black suits stood behind the vehicle, eyeing the motorcade of the president of the Hong Kong Monetary Authority. Every police officer was filled with murderous intent.

That night, the "Crisis Affairs Division of the Hong Kong Monetary Authority" was established.

All major mainstream media, financial newspapers and news programs, mainly Hong Kong Patriot Capital, have completely cut off reports on the "Financial Crisis Steering Group".

The "Crisis Affairs Division" began to replace the "Crisis Steering Group" in issuing the latest financial policies to the public with the qualification of adhering to national interests.

This wave of alternation of "discourse power" and change of "position" was completed almost silently.

The next day, morning.

When the Hong Kong stock market opened, international speculators placed another HKD 20 billion worth of foreign exchange sell orders within two and a half hours. The Hong Kong Monetary Authority went against the passive approach of the previous few days and directly used foreign exchange reserves to brazenly enter the market, dragging down the international exchange rate of Hong Kong Island in one fell swoop.

The Hong Kong dollar/US dollar exchange rate remains at 7.75 to 1.

The Hong Kong government officially fights the financial defense war!

For a time, the whole Hong Kong was in an uproar! Regain confidence!

The voices of Hong Kong Island capital and the Hong Kong Island government are no longer separated. The "government rescue" action has turned the policy into a consensus. The confidence of the Hong Kong Island market was greatly boosted that day, and the Hang Seng Index rose by 100 points.

…

"From now on, the Hong Kong Monetary Authority's tone must be consistent with mine! The government's bailout is the most effective and direct way! A new steering group will be formed immediately." Last night, in a coffee shop in Central.
Chapter completed!